TITAN 2600CE, 2500CE OPTION TRADINGAs of 31 January TITAN is trading at 2360. If you look at the above chart you can see TITAN is currently taking support near the TRENDLINE. At the price of 2450 there is a small RESISTANCE which it can face. There is a high probability that from here TITAN can give an upside breakout.
In this situation we can add 2lot of 2600CE which is almost 10% from the current trading price.
KEY POINT
STRIKE PRICE- 2600CE
CURRENT TRADING PRICE- 20 (As of 31 January)
NET INVESTMENT- 375*20 = 7500/lot
STOPLOSS - Look at the spot chart of TITAN if it goes below the TRENDLINE then exit the position. (RESPECT THE STOPLOSS)
TITAN trade ideas
TITAN BUY @ 2635 & TARGET @ 2645Dear Traders,
TITAN BUY @ 2635 & TARGET @ 2645
Many people made huge profits last week and as per my predictions , the market was running same direction and entry and exit strategies where bang on target.
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Looks Super BullishIf you look closely, A flag pole pattern can be seen pretty evidently.
Three white crows marching forward waiting for a breakout. 2425 is a crucial level.
A 50% Fibo support level from a recent low gives it another bullish push
recent news about Titan expanding its footprints in UAE is positive.
All in all a good bullish outlook for the near term. Provided it breaks 2425 strongly.
Disclaimer: For information purposes only. trade at your own risk.
Titan breakoutTitan stock breakout happened (1 hour candle) after formed the triangle pattern in chart it might be a good chance to catch the momentum ... just wait for the confirmation with good volume and candle confirmation. If it opens gap up or gap down on tomorrow just avoid to trade. Tareget 1 : 2385 and Target 2 : 2411